Latest African Projects News

Theta Gold Mines has launched a $2 million Share Purchase Plan at a discounted price of $0.21 per share, inviting eligible shareholders to invest in the advancement of its flagship TGME Gold Project in South Africa.

Resolute Mining has agreed to support the sale of its 31.45 million shares in Loncor Gold to Chengtun Mining Group for C$1.38 per share, a move that will strengthen its balance sheet and accelerate key African projects.

Pioneer Lithium refines its exploration focus, prioritizing its US uranium projects with Skull Creek nearing drill readiness, while withdrawing from a Namibian uranium asset to optimize capital and value creation.

Kinetiko Energy has reported a strong commercial gas flow from its Brakfontein well, exceeding prior reserve flow rate assumptions and reinforcing the project's economic viability.

Lindian Resources has appointed DRA Pacific to lead the Kangankunde Stage 2 Expansion Study, aiming to scale rare earths production amid strong market demand. This move follows the recent Final Investment Decision for Stage 1, targeting first production in 2026.

Enegex Limited has secured a significant gold exploration portfolio in Côte d’Ivoire, acquiring over 3,700 square kilometres of highly prospective permits and setting the stage for near-term drilling. The acquisition is backed by $5 million in funding and the appointment of seasoned West African exploration leader Paul Roberts as Managing Director.

Forrestania Resources has signed a binding agreement to acquire the Burracoppin Gold Project from Askari Metals, adding a significant JORC resource near a major WA gold mine. The deal includes cash, shares, and options, linking Forrestania to promising African exploration assets.

Askari Metals has agreed to sell its Australian gold assets to Forrestania Resources for A$700,000, enabling a strategic pivot towards its promising African exploration projects.

Askari Metals is gearing up for a pivotal shareholder meeting to approve its Ethiopian gold and copper acquisition, while restructuring debt and expanding European investor outreach.

Perseus Mining reports a significant increase in its gold Mineral Resources and Ore Reserves as of June 2025, highlighting growth across key African projects and a strategic portfolio approach.

Beonic Limited has raised A$3.74 million through convertible notes, anchored by its largest shareholder, to accelerate growth, refinance debt, and support a major North African project.

Askari Metals revisits historic drilling data revealing significant high-grade copper mineralisation at its Nejo Gold Project in Ethiopia, setting the stage for modern exploration efforts.